Ren, S. and Huang, M. and Liu, D. and Yan, J. (2022) 'Understanding the impact of Mandatory CSR Disclosure on Green Innovation: Evidence from Chinese Listed Firms.', British Journal of Management .
Drawing on the institutional view of legitimacy theory, we examine whether and under which conditions a policy tool, mandatory corporate social responsibility (CSR) reporting, enforced by constituents positively triggers firms to make substantive environmental responses. Using China’s 2008 CSR reporting policy as a quasi-natural experiment and the difference-in-differences (DID) estimation approach, the results reveal that after implementation of this policy, mandatory CSR reporting firms show substantially higher green innovation performance than non-CSR reporting firms. We further find that this effect is stronger for firms located in areas with high environmental enforcement intensity, for state-owned enterprises (SOEs), and for those with higher levels of media coverage. Moreover, we make a nuanced investigation on whether the media coverage is laden with a negative or positive tone, and find that both negative and positive coverage strengthen the relationship between mandatory CSR disclosure and green innovation.
|Full text:||Publisher-imposed embargo until 27 March 2024. |
(AM) Accepted Manuscript
File format - PDF (1182Kb)
|Publisher Web site:||https://onlinelibrary.wiley.com/journal/14678551|
|Date accepted:||08 March 2022|
|Date deposited:||14 March 2022|
|Date of first online publication:||2022|
|Date first made open access:||27 March 2024|
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